Citi Trends, Inc. (NASDAQ:CTRN) Q1 2024 Earnings Conference Call June 4, 2024 9:00 AM ET

Company Participants

Nitza McKee - Senior Associate, ICR
Ken Seipel - Interim CEO
Heather Plutino - CFO

Conference Call Participants

Michael Baker - D.A. Davidson
Jeremy Hamblin - Craig-Hallum Capital Group
John Lawrence - Benchmark

Operator

Greetings, and welcome to the Citi Trends First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Nitza McKee, Senior Associate at ICR. Thank you. You may begin.

Nitza McKee

Thank you, and good morning, everyone. Thank you for joining us on Citi Trends first quarter 2024 earnings call. On our call today is Interim Chief Executive Officer, Ken Seipel, and Chief Financial Officer, Heather Plutino. Our earnings release was sent out this morning at 6.45 a.m. Eastern Time. If you have not received a copy of the release, it's available on the company's website under Investor Relations section at www.cititrends.com.

You should be aware that prepared remarks today made during this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance. Therefore, you should not place undue reliance on these statements.

We refer you to the company's most recent report on Form 10-K and other subsequent filings with the Securities and Exchange Commission for a more detailed discussion of the factors that can cause actual results to differ materially from those described in the forward-looking statements.

I will now turn the call over to our Interim Chief Executive Officer, Ken Seipel. Ken?

Ken Seipel

Thank you, Nitza. Well, good morning, everyone. I'm pleased to join you today to discuss the work ahead for Citi Trends. Heather will provide you a review of the Q1 business results and then, I will give you a brief overview of my prior experiences and a high-level outline of the work that we are undertaking to increase shareholder value.

Before we discuss the business, on behalf of the Board of Directors and the entire City Trends team, I'd like to thank our former CEO, David Makuen, for his hard work and leadership these past four years. David shaped and built our purchase driven City Trends culture, while leading the company through some of the most challenging consumer environments in recent history. And on a personal level, I'd like to thank David for his willingness to provide business advice to ensure a smooth transition, and we want to send him very best wishes.